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Region’s house prices soar

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By Donald Turvill
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Region's house prices soar

HOUSE prices in Dumfries and Galloway have risen more than anywhere else in Scotland in the last year.

Figures published by T.W. Research show that in the year up to April 2020, property prices in the region increased by 10.2 per cent, averaging at £137,000.

Across Scotland in the same year, overall growth was at 1.6 per cent.

A rise was noted in 21 out of the 32 local authority areas, with the biggest fall noted in the City of Aberdeen, where an 8.1 per cent drop was recorded.

Dumfriesshire MP David Mundell noted the 10.2 per cent increase in house prices in the region reflected a period prior to the Covid-19 lockdown.

However, he said: “I suspect the impact of the pandemic has made our scenic, largely rural part of the world even more attractive to residents of more populated areas of the country.

“Attitudes to property price trends really depends on whether you are a potential buyer or seller. The market reflects supply and demand.

“It is important to retain a healthy level of quality housing in Dumfries and Galloway as that also assists young local people to gain a foothold in the housing market.”

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